Our mutual fund platform mf.zerodha.com is now live. Continuing with our tradition of innovation, there are many firsts.

Easy execution

Search any fund.

Analyze historical performance.

Click on Buy for lump sum or one time investment, and SIP (systematic investment plan) if you intend to invest small amounts of money at fixed interval automatically.

Search and click on Buy or SIP to start investing

You are just one click away from buying any mutual fund after logging into the platform. To login use your trading (Kite) login ID and password. Currently mutual fund purchases are enabled for only those clients who have Zerodha demat account (Not IL&FS or any third party demat account) mapped to the trading account. If you don’t have a demat account opened yet, print the pre-filled form available here, sign, and courier to have the account opened within 24 hours.

For everyone investing in mutual funds for first time, it is important to note that unlike stocks where price changes every second, the NAV (Net asset value) price of mutual funds change only once at end of every trading day. Orders placed to buy or redeem a fund are typically executed based on the NAV price of the next trading day.

Mutual funds in Demat

Among the first few platforms in India to offer convenience of holding mutual funds in your demat account along with all your stock holdings. A single portfolio view for all your investments.

Investments using a demat account also ensure that your dependents get easy access in case something unforeseen were to happen in the future.

Similar to how you can pledge stocks, exchange approved mutual funds (list will be shared soon) can be pledged to receive margin for trading F&O. Essentially investing in mutual funds at Zerodha will be very similar to investing in stocks.

Zero fees

Mutual fund investments similar to investing in stocks at Zerodha will be absolutely brokerage free.

Order placing

All orders to purchase or redeem mutual funds placed before 1.30 pm are placed on the MF execution platform (BSE Star MF) on the same day (T day), and will be executed on the end of day NAV price.

Orders placed after 1.30 pm are placed the next trading day (T+1), and will be executed on the T+1 NAV price.

Buying mutual fund requires you to enter the value or amount in rupees whereas redeeming requires you to enter the number of units. This is different from stocks where you enter quantity of stock and price at which you want to buy or sell.

Out of the 40 AMC’s in India, we are currently empanelled with most of them. If you are not able to search for a particular fund house, it means we are in the process of getting empanelled with them.

NAV tracking conditional orders

For the first time in India you can now set conditional orders which track the NAV price. Whenever your preset NAV trigger price is reached, an order with value to buy or redeem mutual fund units is placed. NAV’s are declared by mutual funds before 11pm everyday, and such NAV tracking conditional orders are placed before 1.30 pm next trading day if your set NAV trigger is met, to ensure you get to buy or redeem immediately.

These orders are good or valid until cancelled. An email alert is sent as soon as any conditional order is placed. This will ensure that you don’t have to keep checking NAV prices, and can run your investments in MF on an auto mode.

MF buy order window with option to set conditional order

You can place similar orders like above to redeem mutual fund units by visiting your portfolio and clicking on redeem. You can also cancel all pending conditional orders and view your order history as shown below.

Accessing portfolio, SIP’s, and Order history

Easy SIP

SIP or systematic investing plan is when you invest small periodical amounts instead of lump sums. This is a very popular way of investing and rupee cost averaging over long period of time ensures that investor gets maximum value even with volatility in the markets.

Traditional mutual fund platforms require you to sign up ECS or NACH mandate so that these small periodical amounts can be debited from your bank accounts. This is quite a tedious on-boarding process, and requires one mandate for every fund house.

On the Zerodha MF platform, you can start as many SIP’s as you want with a click of a button without having to sign any mandate forms. As long as you have funds available in your Zerodha trading account on the buying date set by you based on your SIP interval, the SIP order will be placed. We will also send an email alert before the SIP date.

SIP order placing

All SIP orders can be paused and restarted anytime by visiting the SIP menu as shown below.

SIP order – pausing and restarting

Don’t know where to start?

We have selected three funds for you to get started investing in mutual funds. A diversified fund for long term wealth creation with no lock-in period, a tax saving fund to create long term wealth but with a lock-in period, and a debt fund for fixed income with no equity exposure.

Spread the word

[email protected] Zerodha, working towards breaking all barriers that I personally faced as a retail trader for over a decade. Love playing poker, basketball, and guitar.
“You don't have to be a hero to accomplish great things---to compete. You can just be an ordinary chap, sufficiently motivated to reach challenging goals.” - Edmund Hillary

Hi Nitin , I am 1st time investor and I opened account with zerodha this october 2017 and want to invest 1lakh in elss mutual fund . But when I checked my KYC status (being new) on CVL KRA site , it is showing ekyc and as per norms , I can’t invest more than 50k per mutual fund per year . I raised the ticket with zerodha support teamfor the same and still did not get any reply . Can you please tell me that how to do that now .??

Hi….I am new to Zerodha….actually I am looking to start SIP of around 10K mainly for tax saving….can this also be done via Mutual Funds through Zerodha…asking this specifically because I need to submit document to account department about investment…Please guide me or update on the same…..

Hi Nithin, you should consider keeping mutual fund direct plans like Orowealth and charge a fix transaction fee , similar to what you are charging in stocks. In your current model , investors are paying probably 1% or more which is far more then what you are charging for stock trading…. it would be good to enroll if both stocks and MF are competitive at competitive transaction cost .

1) What will be difference, if I open direct from fund house & from zerodha. Will it be there difference like can we get direct fund also along with growth & dividend.

2) I am holding only trading account with zerodha, whether I have to open new trading account for MF along with demat account.

3) money if I credited to f&o trading account will it be linked to mf trading account.

4) generally I prefer to use all accounts separately like equity, f&o & mf. Such that I will not have confusion in allocated funds. So, if I opt for zerodha mf. I expect not to trade in f&o based on mf exposure such that margin problem will not arise. Is it possible atleast I will have dashboard containing details like funds in mf account, trading account separately to track portfolio.

1. Whatever you can buy directly from fund house, you can also buy on our platform.
2. You can use the same trading account, you will need to open a demat account with us.
3. yes
4. Absolutely, you can login to Q.zerodha.com and see your F&O and mf positions and capital utilized separately.

Mr Nitin
Plz make your software as all in one. I don’t want to login here and there. Single window should give link to all the things.
Mf should be part of similar window..sip in stocks is still awaiting
Thanks

I have existing demat account at some other place.what I should do to open demat account at zerodha and colse the existing one? also what to do with shares in existing demat account?is this process completed or how much days it will take?
Thanks
Ganesh

Firstly you need to open a Zerodha demat account if you don’t already have one. If you login to Q > Profile, you can see a pre-filled form. Print it, sign it, and send it to us. The account will be opened in 24 hours. Once our demat is opened, you can mention the zerodha demat account number on the DIS slip of the other broker and submit it to their office. All shares should be transferred within 24 hours.

Yes, ICICI will charge you a transaction fee for initiating the transfer. But if its a closure cum transfer, i.e if you’re closing your ICICI account and moving shares to your Zerodha demat, there are no charges.

HI ,
I am an NRI and have resident demat account with ICICI Direct and it has shares and MF with regular growth plans.
And now I got NRE from other bank (not ICICI) and applying PIS account also.

1.Can i open NRE/NRO demat account with you with PIS form ?
2. Can I transfer shares from Resident ICICI Demat acct to Zerodha Demat Acct ?
3. Can I transfer MF(not direct plans ) from resident ICICI demat to Zerodha demat ?
4. How long it will take for NRI like me ?
5. where can i find MF AMC you support for direct plans ?

1. Yes, you can open an account linking a PIS account. We do not support ICICI Bank, we could help you open an account with either Axis/Yes Bank
2. Yes, you can transfer shares from a resident account to only an NRO demat account.
3. Yes.
4. I didn’t get your question fully? To open the account?
5. You can check them on our Coin. We aren’t, however, offering MFs for NRIs, this could take us some time.

Hi
it looks great,,….
and would you pls add supertrend in pi as soon as possible OR atleast can you allow me to open kite n pi at a time(on request on same laptop/desktop) which is presently not possible..

I have my demat account in ILFS. but I am not able to understand u r giving priority to ur Zerodha base client why not us (ifls)
We are also want to invest in mutual fund.
Can u tell me process if I am not having demat of Zerodha.

Deepak, we are trying to incorporate ILFS demats as well. But you can open Zerodha demat for free within 1 day. Login to Q.zerodha.com and go to profile. There is a pre-filled demat account, sign it, print it, and send it to us.

Our demat services started late last year. Until then all demats were opened through ILFS itself. AMC with Zerodha is Rs 300 vs Rs 400 with ILFS.
Login to Q.zerodha.com, go to profile, print the pre-filled demat form there, sign it and send it to us. While sending, also send the ILFS close out letter.

Do we have to fill any details in the pre-filled form, other than the details which have been printed, for opening the Demat account with Zerodha?
Moreover, there is a change in my residential address. The pre-filled form has an older address. Do I have to fill any other form to get the address changed? Or can I get the address changed online?

The last two weeks was a time when I felt a great need for stocks SIP facility in Zerodha. Any ETA for this feature please ? In the absence of this facility in Zerodha, I am having to use my alternative demat account on another platform.

1) What is the difference purchasing the MF and redeeming the MF?
2) What is the difference Regular plan and Direct plan?
3) What’s total number MF’s available at Zerodha?
4) Do i get chart for selected MF plan in Pi as like any other asset class for analysis?
5) I have IL&FS demat a/c with Zerodha, Can i access the MF platfrom?
6) As a Zerodha business partner,do u provide any other tool to manage MF investments of my leads?
7) As a Zerodha business partner , does it required to get MF NISM certification?

1. Purchasing is buying, redemption is like selling.
2. Regular is when you buy it form a distributor like us, Direct is if you buy it with the fund house directly.
3. Currently around 20 AMC’s are empanelled, the rest will be soon.
4. Charts are available on the MF platform.
5. No, you will have to open a demat account first.
6. yes, we will soon.
7. No

Can we pledge mutual funds from today or this service will be started at a later date? And will liquid funds be treated like liquidbees? i.e can we take overnight position as we can with liquidbees pledging?

Just wanted to check in and see when mutual funds will be available for pledging…. Also, I’m confused with some of the responses in earlier posts – can you please clarify if Liquid Mutual Funds (when available for pledging) will be treated the same way as Liquid Bees when pledged? (as Cash with a haircut)?

Thanks for your response, Nithin. Yes, LIQUID Bees is a good option and I am using it already, but as you know, the dividend returns from the Bees take a major hit because of the high dividend distribution tax (almost 28%) taken up front. The Bees annualized actual return is only about 4.8%. Liquid Mutual funds (growth option) would yield anywhere between 7.5-8.5% annualized and hence are a significantly more desirable pledge 🙂 I am sure there are many folks out there waiting for mutual funds to come into the “pledge fold” so that they can use this capital for FNO. I truly hope you and your team will be able to work thru the operational issues and make the mutual fund pledge a reality for us users.
I would also like to point out that over the last 2 years, your team has done a remarkable job with stabilizing your systems and providing great trading products for the user community. I hope you will take into consideration demand for being able to pledge mutual funds as well.

1. Yes, you can transfer but will not be able to redeem it through Zerodha. Transfer charges are applied by ICICI not Zerodha. You’ve to get in touch with ICICI to know how to transfer.
2. Yes, you can transfer. If you’re initiating transfer cum closure, no charges will be applied by ILFS. You’ve to fill the DIS slip provided by ILFS and submit it to them and mention your Zerodha demat account number in the DIS.

kite app is available on laptop or for mobile only?..it would be great if it is for laptop too…

And one thing Nitin sir, ”SOMETIMES” in kite it redirects to some external sites.. for eg- when i click dashboard, order book…… it get connected with forex trading,,or another brokerage firm advertisements(may be your nearest competitor) .

then i have to close external sites n click again on order book..position etc…so my worry is how safe we are on kite….??

1. When you are opening the zerodha demat account, you can also transfer all your holdings from ILFS to Zerodha demat same time while opening the account. You can send us the IL&FS closure letter along with the new account opening form, so we will open the new account and have all your holdings transferred. https://www.dropbox.com/s/1byhxrmiobu6o1n/ILFSclosureletter.pdf?raw=1

Is there any NAV difference between regular v/s direct plan?
If yes, than only fees we would be paying is the difference of the respective NAV’s?
If no, than what is the fees we need to bear for the service bein offered?

Yes there would be difference in NAV of regular and direct. This is not a fixed fees, varies based on the fund. There is no link as such of empanelled AMC, if you can search for it, it means we are empanelled.

Congratulations to you for introducing what online users need! Currently I have demat account with ILFS only and no demat account with Zerodha. As you mentioned in your previous posts, I will open a new demat account with Zerodha, particularly to invest in mutual funds. So, after opening the new Zerodha demat account, I will have two demat accounts in my Zerodha trading account. Isn’t it? If I buy shares, to which demat account will them go? Is there any possibility to close that ILFS demat account and retain only Zerodha demat account? What do you suggest? I am tired of keeping too many accounts and remembering too many user id’s and passwords. Thanks.

He has answered it previously. Copy pasting:
When you are opening the zerodha demat account, you can also transfer all your holdings from ILFS to Zerodha demat same time while opening the account. You can send us the IL&FS closure letter along with the new account opening form, so we will open the new account and have all your holdings transferred. https://www.dropbox.com/s/1byhxrmiobu6o1n/ILFSclosureletter.pdf?raw=1

Hi , my account too was opened with IILFC, my question is can I send the pre-filled form and ILFC closure letter through email. 2nd question is after sending this my ILFC account will be closed and all share will be transferred n?..do I need to do anything else apart from sending these 2 form, to close and transfer ILFC. Looking forward to it reply

Yes, first send the pre filled form and get your Demat account opened at Zerodha. Then submit a closure cum transfer form to ILFS, your account will be closed and your shares will be transferred to your newly opened Demat account.

If you open a demat account with Zerodha, it’ll be mapped as your primary demat account and all future purchases will be credited to your Zerodha demat account. Once your demat account is opened, you can transfer your holdings to your Zerodha demat account and close the ILFS demat.

I have been desperately waiting for Zerodha to start this. I am very excited to use!!

However, I don’t understand about the CDSL thing. I have my DMAT in IL&FS. Does this mean, I need to have Zerodha create another CDSL DMAT? Also, if I do go ahead for the CDSL account, would Zerodha transfer all my existing holdings from IL&FS to new CDSL?

If not wouldn’t it be confusing to have 2 DMAT accounts which also would be unnecessary. Suggest me the right and optimal solution and I will proceed with that.

1) I Never received call for Partner program .Why ?
2) Is it not so easy to have one platform than too many logins ? We have to login again on Q after clicking the MF link. Would you please link it with Kite platform so we dont have to remember too many passwords.

Another thing i want to ask is, why we need a demat for MF?
Coz i have acct with Indiainfo n had purchased some SIPs thru them, for redemption everytime i had to call them as the units were in my demat. I was not allowed to redeem my units on my own. What will be the case with Zerodha?

I a client of zerodha for more than 3 years. Had won the 60 day challenge. Had opted for refund on 26th Jan and your support team are even now saying it might take ANOTHER WEEK (but it was supposed to be WITHIN 10 DAYS as per the CLAIM).

I SERIOUSLY DON’T CARE about the refund anymore its nothing compared to the brokerage i have paid zerodha. But somehow just make that MESSAGE go off from my Q.Zerodha page please (its the most annoying thing that i have seen so far). And when i requested for the same, your support team changed the message to “Refund is Credited”. They were just Joking i guess. So please do the needful.

Direct plans are when you buy directly from the AMC house, regular is when you buy from the distributor. Directly is cheaper, but buying it through someone like us is a lot more convenient. You could just google for more details.

Hi
I have zerodha trading ac and ILFs demat a/c.Do i need to open another demat with zerodha and may opt to close the existing one with ILFS
If yes..How do I close the ilfs demat a/c.
I know i May have to open new demat ac with zerodha before the ILFs one is cancelled so that I may continue using NSE scips on my watch list.
Am i correct?

This is Amazing. I am super Happy to witness Zerodha growing from one scale to another. I feel really proud to be associated with Zerodha. You are an ideal broker and DP. Waiting to see Zerodha scale new heights.

You need to promote more aggressively, the market is not aware of the diamond in you. Please promote big time – both online as well as offline. People would want to fall in love with a company like Zerodha!

A). I wish to opt for Zerodha Demat account as MF scheme been launched. I have pledged shares, does that need to unplugged first and then go for closure of account with ILFS before applying for Zerodha demat account?

B). I have received the SMS that Zerodha will call up in a week relates to Partner program. Till date no call and no Information about status on partner Program? Can I have status for the same?

Thanks for your prompt reply. In response to your confirmation Mr. Nelson of Zerodha did contact me on next day about the Partner Program and told me that he will be sending me the confirmatory email about the program however till today I haven’t received any e mail from Mr. Nelson.
I have experienced very dull response from Zerodha team in relates to Partner Program.

1. Why were we not informed when zerodha opened its Depository service ?
2. I read that there is no need for ECS. SIP amount would be deducted if there is balance in your account. Right ?.. Ok., Transfer of balance to our account is charged at 10 odd rupees. What about the charge here ? Will it be the same ?

1. Tapan, we had sent an email/sms out to all clients informing that we have started our DP services.
2. Yes, transfer of money to account if through payment gateway, the charges will apply. You could transfer through NEFT/IMPS to avoid it

Hi Nithin!
Can we have a feature to segregate Mf purchased under separate portfolios?
eg. I create a foli for “retirement” under this i have 2 SIP
2nd, i create a separate foli for “children education” and have 4SIP under it etc.

This will help track investment and more importantly investment goals.
Along with SIP in equity.
This feature will help us to make Zerodha our one stop investment solution

Bo fund transfer works only through Internet explorer. Can you please have this upgraded so that we can transfer through other browsers like chrome, mozilla or provide a separate APP so that everything can be managed through a Mobile Manager APP.

Secondly, Fund transfer does not work on the newer version of Internet explorer
shipped with Windows 10.

I have already SIP and one time purchase directly from various mutual fund houses. I was wondering if there is any way I can transfer those to Zerodha. If yes, what is the procedure for doing the same.

I was surprised to find you guys going the regular plan route considering there are sites (not naming them for obvious reasons) that give you the opportunity to invest using the direct method. And I’m not talking about investing directly with AMCs. These sites charge 20rs transaction fee but let us invest directly with various funds using the same account. I was actually waiting for you guys to fully launch mutual funds before I use other sites expecting you guys to adopt the same model. Your announcement was surprising since you have followed a business model of charging low transaction fees while not having any advisors, which I love. I’m a bit disappointed. Now I must go ahead with the other site.

Thank you Nitin for bringing out so much innovation behind the idea of brokering. Zerodha support, the team, executive, everybody is more than happy to help. That really pleases me as a customer. Very much happy and proud to have Zerodha as my broker. Highly Recommended. Thank you to each and every person involved in making Zerodha what it is!. 🙂

Excellent initiative for creating convenient MF access with Indian savers.
All the very best.
Have you stopped empanelling new AMCs now after the 20-odd that you mentioned? or are you open to empanel even more? Our MFs are performed well in recent times, and hence, this query about empanelling on your platform.
Thanks

Great work by zerodha. Completely satisfied with the services offered, But when I am trying to log in to Q account for mutual fund it is showing invalid user ID/ Passsword. I have already got the mail today that the account is activated for mutual funds. Hoping issue will be resolved soon.

ETF’s are exchange traded funds, so you will not be able to find it on the MF platform, you can find it directly on the trading platform (similar to stocks). We will soon have funds by category as well.

When i went through the list of mf present, I only saw HDFC MF. So basically i have 2 questions:-
1) Can i transfer my hdfc mf units now and rest two after they are listed on your website
2) When can i can expect sbi and canara to be listed.

Hi Nithin…this is Raghu here. I want to close my demat account with ilfs opened by Zerodha and want to open demat account with Zerodha itself. I had downloaded closing form and account opening form. I am unable to fill it. Please help me fill out the forms. Please mail me step by step instructions for both process. My client id is DR3873 and my mail id is [email protected]

I have despatched the trading and demat account opening forms on 23rd Feb and received by you on 25th Feb. To my surprise, the trading account opened today(29th) and intimation received by me(RB1790). it is remarble that the account opened within 3 working days. My best wishes to you and your team mates.

Hi,
I have some mutual funds. Few of them that I have directly purchased from AMC (direct plans) and few of them purchased through broker(regular) in same folio.
Can I transfer all these funds to zerodha?

Hi,
I have some MF in Mirae asset AMC and SBI Bluechip fund. I have zerodha demat a/c but my MFs are in non-demat. Also my MFs are in direct plan with AMC.
1. How can I transfer these MFs to Zerodha a/c?
2, After transfer Can I pledge them and use margin for trading?
3. After transfer do these plans shall be changed into Regular plan?
4. Please provide me the procedure to doing these transfer procedure.

1. Currently you can transfer only if its in demat.
2. Pledge for MF’s will take sometime.
3. No, they’ll remain to be Direct plans. You will not be able to redeem them through us.
4. If it’s in Demat mode, you’ll have to use the DIS slip to initiate the transfer.

The MF home page shows a FATCA declaration on first login. But there is no link provided on the FATCA details. Will be helpful to include the link on it.

Please clarify if the data on the expense ratios listed against the MF schemes is correct. For e.g. ‘HDFC Liquid Fund – Growth option’ shows an expense ration of 0.08% on Zerodha. The Fact sheet on the HDFC MF website shows it as 0.45%.

I have made some MF purchase from your new MF platform. I am quite concerned after I spoke to HDFC MF today. You need to sought out things about Joint account holder and Nominee ASAP. You are behaving like icicidirect use to around 5 years back.

I am told (by HDFC MF) that my Folio , which is created after I made a purchase with you, does not have any joint account holder or Nominee. HDFC doesn’t recognise my wife (Joint holder) or my dad (Nominee).

Can you please answer my following questions, if possible in the same numeric order:

1. Why no Joint holder is added in the Folio? The Demat account is in Joint name.
2. Why no Nominee is added to the Folio? I have faced a lot of difficulties and lost around 2 lacs rupees because my grandfather did not have Nominee in his post office saving scheme. You are again going to put my family member through the same grief if you do not add Nominee to my MF investments.
3. If something happens to me, the folio will be in my name and the demat account will be in my Wife’s name (As the first holder is dead). How can this situation be tackled? Technically someone else’s units are in someone else’s account after my death. What are the documents that will be required by my wife to claim these MF units. Please note that ideally no documents should be required because she is the equal owner of the Demat account in which the units are held. HDFC has confirmed that they do not recognise the joint holder or the Nominee of my demat account.
4. For my future investments that I make through your MF platform, how can I add a Joint account holder and a Nominee?
5. Please note that icicidirect clearly provides an option to add a joint account holder and a Nominee in a folio (event though the units are held only in a folio and not the demat account). Do you have any plans to introduce this? If not its quite concerning.

1. The MF accounts have been created as per the details available in the trading records.

2. The nominee & the second holder have been updated for your account. All your future purchases will reflect these details.

3. We spoke to the R&T of the AMC. The R&T insists that the client write a letter giving details of the second holder along with a copy of the CMR of the DP and the folio number and the second holder can be updated for the existing folio that you’ve purchased. Here’s the link to find the closest R&T agent (CAMS) for the fund you are holding where the letter has to be sent: https://www.camsonline.com/InvestorServices/COL_ISServiceCenter.aspx Do let us know once you send this out, so we could get in touch with the R&T and get this done.

4. They have already been added.

5. You can update a Joint account holder & nominee in the way mentioned above.

So once the balance is available, it will be done the same day or T+1 ? Or Will it skip that SIP for the month ? It happened to me. But, next day when balance was available the status was still : Insufficient Balance.

Orders are placed at 2pm everyday. So if there are funds before such time, your order will go through else will remain pending till you cancel it. Same thing with SIP, order will remain pending if there are no funds and will get placed once there are funds in the account.

I am unable to apply for mutual fund through Q back office account. Is the pass word for Q back office different from my trading account (PR0589) password? Please let me know how I can apply for mutual funds through my trading account. Can I use the free cash available in my trading account / commodity account for purchase of mutual funds?

your MF tagline says, start investing in over 2000 mutuals funds. but there is no way where we can filter the funds By AMC or by category like Equity, ELSS, Debt, Liquid etc. and compare in between them. 🙁

You have made world of investment simple. The moment I came to know that you have started Demat Ac service I sent form same day to close IL & FS and move existing holdings accordingly in Zerodha Demat. Trust me your co. is simply outstanding in service delivery. I have couple of questions/suggestion.
1) What are the charges for Purchasing MFs?
2) What are the charges of holding MF units in demat ac? Is it similar like Shares?
3) I suggest you to integrate MF account into Kite itself, so that switching won’t be a problem.

Sorry I think I din’t make my question clear to you. You said ‘”When you redeem, all SIP’s would be redeemed at one time. So only one charge would apply'”
What about SIP purchase? All single SIPs will be charged at 5.5 RS per transaction as per it’s frequency (weekly/monthly)?

I hold zerodha demat account.
Since zerodha didn’t had mf platform year ago.
i bought mf schemes using fundsindia.
These schemes are not in demat form.
Can i transfer these mf folios to zerodha demat a/c.
I posted same query to zerodha support, they replied they can’t do.http://support.zerodha.com/tickets.php?id=516133

Till now fundsindia used to handle online transactions now you will take care of transactions.

I saw zerodha has added SBI mutual funds but some of the funds are still missing. I checked on moneycontrol SBI Small & Midcap Fund -Direct (G) had a return of 44% over the last 2 years. Is there any chance that this can be added?

Hi Nithin
I placed an sip order though mf.zeRodha login. I got an allotment mail. Subsequently after Few days It got rejected stating insufficient fund in my trading account. Whereas I had sufficient funds on my zerodha trading account.
How do I make the payment for SIP?

I have demat account in zerodha. My id DO0042 Omprakash. plan to start sip. I have some doubts.I saw the screen shots mutual fund conditional order window which says select your sip dates weekly,15 days ,monthly. Here my doubt is if i plan to invest Rs.1000 in a month i can split that amount as 500+500 in two different dates in the same month eg: January 15 Rs.500 and January 23rd Rs.500 since your have given option as mutual fund conditional order window and minimum investment 5000 is the initial amount and sip for month starts from Rs.500 right? and if i want to increase the sip is that possible?Kindly reply me

Hi Nithin,
Many many thanks for introducing the MF platform .After getting the news I was planning switch my MF investment with Zerodha from some other broker house.But many big and popular fund houses are missing there 🙁 .As example ICICI,TATA,UTI,Birla,CanaraRobeco,DSP Black Rock etc.
Hope I will see those soon and will able to switch myself into zerodha for MF related requirements.

give me one more suggestion as well i have invested in several fund houses with Aditya Birla My universe , and if i want to continue those fund will zerodha able to port those folio into zerodha account?

sir if we redeem any open ended mf scheme(equity type) after one year then also there will be exit load or it will be there after any sort of time .
secondly , sir in balanced fund short term capital gain tax will be exempted after one year or three years .
anxiously waiting for you answer
thank you.

1. It depends on the mf scheme. Some have it after 1 year, some don’t.
2. Depends on what type of balanced funds you are investing in. If equity oriented (>65% in equity) then treatment is similar to equity funds, if not it is treated as debt fund.

sir , i have sent order for axis elss plan , my order has been sent to amc and money is debited today, in how many days will it be alloted .
secondly sir , if it will be alloted tommrow then i will have to show invested money for deduction under 80c for next year or it will be counted for this year only .

Naitik, the SIP we are running is not like your traditional SIP. So for now auto debit ECS from bank is not possible (also it is quite cumbersome registering ECS/NACH). Also stopping/starting traditional SIP’s are quite tough. About your date requests, I am putting it up with our tech team.

For, DSP BlackRock Micro Cap Fund – Growth
Exit load on mf.zerodha.com is 1%, where on DSP site
”
Exit Load
Holding period from the date of allotment:
Less than 12 months: 1%
Greater than or equal to 12 months: Nil
”
I think, the same information should be provided on zerodha platform as well. Most of the case, for period greater than 1 year is NIL, which I didn’t see on zerodha page.
And thanks for zerodha platform. it is great!

Thanks a lot for providing such a wonderful platform Zerodha. I have added 5 MF SIPs in my zerodha account, but surprised to see no option for setting up a particular SIP date. Currently the SIP date is taken with the reference from initial investment date. Could you please make the option to choose SIP date enabled as soon as possible.

If you invest Rs.200 every day for 25 years, you would have built a corpus of 1.5 cr at the end of 25 years, that’s the effect of compounding. I suggest you read through this module on Varsity to know the compounding effect.http://zerodha.com/varsity/chapter/mindset-investor/

Hi Team,
I want to transfer my demat account from ICICI Direct to Zerodha — I have already invested with in ICICI Direct in Equity and Mutual funds (DSP, Mirae, Reliance) (I’m not the day trader).
Please explain the process, time taken for change and any charges.
Is it possible to maintain two demat accounts till Zerodha having full access on above mentioned mutual funds.

You’ll have to get your trading and demat account opened at Zerodha. Once the account is opened, you’ll have to transfer all your holdings including Mutual funds to your newly opened Zerodha demat account by filling the Delivery Instruction Slip from ICICI and submitting it to them. If its a transfer cum closure, then ICICI wouldn’t charge you anything for the transfer, if you’re only transferring, they would charge you a transaction fee for transferring.

Your Zerodha Account would get opened within 48 hours subject to all documents being right. Transfer of shares shouldn’t take more than a day from the time you’ve given them the request.

There are a bunch of firms like Invezta, orowealth etc. which are offering direct mutual fund plans and leaving brokerage in the hands of investors, hope you would take that route albeit with a 20 brokerage 🙂 to keep it afloat. Happy to pay Zerodha than mutual funds.

I would like to know how much Zerodha charges for each SIP transaction in Mutual Fund like ICICI direct charges Rs. 34/- for a 5000/- SIP transaction. And also please let me know the charges for lump sum buy of mutual fund.

Then what are the charges which a customer would have to bear while trading with mutual funds through zerodha?
Will the NAV be same as the real NAV in market?
Where does zerodha get profit from mutual funds?
Is there any additional change in AMC of a demat account if i trade in mutual fund too?

First of all, my compliments to Team Zerodha for all the support you provide to your clients. i have a few questions
1) How and where can I see all the 19 or 20 MF you have?
2) If a client of Zerodha wants to buy a MF you don’t provide right now, direct from the particular fund house, what is the procedure?
3) At that time, should we have to give the demat account number of Zerodha and whether the MF purchased direct will get reflected in the demat account of your client ?
Thanks.

1. Check this: https://mf.zerodha.com/. You can use the explore option to see all listed by AMC https://mf.zerodha.com/funds
2. You will have to visit that particular fund house website and buy it. Unfortunately you will not be able to buy it in demat form.
3. MF purchased directly can’t be taken into demat account.

Can I invest in Liquidbees Hoq I can invest. Shall it be used at any time for trading purpose? What is the rate of interest. Is the funds available immediately for trading account, whenever we require?

Liquidbees are ETF. So you can buy them very similar to how you buy stocks. Yes once bought they can be pledged and you can use it or margin. How much interest is not really fixed, it depends on the interest rate environment in the country. But usually more than savings bank rate and lesser than fixed deposit rates.

In my query about Liquidbees, I forget to mention that I am having trading& demat accounts with you.
If it possible to load sufficient sum , we can convert whenever required. Hence, I am asking about the details.

Ok, Nithin, Thank you. I have one more to ask.
If I invest in Liquidbees, how to pledge with you to have funds requirement
If any charges for pledge & release.
How many days it will take to pledge onpurchae date itself or T+2 days.
Thank you, Sir.

What will be the difference in the NAV in your plan and direct plan.
1. I need a rough estimate in percentage terms, or say I invest 1 lakh in Reliance Money Manager Growth fund.
2. How are these difference in NAVs decided.
3. What is the maximum and minimum changes in NAV that I can expect.

I started an SIP with you on this day. It is so simple to start SIP. My kudos to you.
I have a doubt, whether nomination for the SIP is to be made separately or the demat account nomination will be taken into account?
I request you kindly clarify.

Hi Nitin,
I hold MF in HDFC investment services account i.e statement form.I wish to transfer to zerodha demat.
How can i do this?
I have ELSS MF which is lock in for 3 years,can i transfer these to zerodha.

Chanad, it is best not to transfer these. There could be issues around redemption. We are still working with the exchange MF platform on bringing in clarity on redeeming such funds. Will keep you posted.

Hi,
I have started using mf.zerodha…from the user experience perspective / ease of doing business / 🙂 , fantastic job.
however I think one thing is missing or may be I am not able to find is, to track performace of mutualfunds portfolio.
Say I have multiple funds in my portfolio, I would really like to see how my portfolio is earning money for me, what returns its giving, which mf is laggard, which one is performing….

I think you guys know, what I am trying to say here….
thanks, and appreciate all your fantastic initiatives.
regards,
VIanyak

I had sent signed application for opening of new Dmat account. The same has already been delivered to you since 20th May. I have already made 3 email communications in this regard. Unfortunately, neither I have got any response on the emails nor the account has been opened.

Does this not mock your claim that that new Dmat accounts are opened within 24 hrs ?

Hi,
I would like to know what happens when on the day of SIP execution, there’s not enough balance in Zerodha Account ? Does the SIP gets paused automatically, or is it executed on the next day or during the the next SIP instalment ? Do I get any notification(SMS or email) regarding this ? Kindly clarify…

I was expecting something like i will be able to search which are the top performing fund but no, it is just select fund and then get the history of fund performance. There should be option to provide top 10 or top n funds for different parameters. Even better if we can search in detail for eg. which funds are having PAGE IN in their portfolio, XYZ fund manager hare managing which funds etc.

Searching mutual fund just by fund name and investing on it is v difficult. Must to be added is evaluation for mutual fund’s performance by using various factors like type of fund, market cap, returns, risk level, etc. Without this choosing a mutual fund by simple search is impossible. Refer the one given by moneycontrol.com

some areas zerodha services are very good and less cost but some areas it is very bad, example pledging existing shares, in icicidirect we can pledge and simultaneously sell pledge shares whereas in zerodha if u pledge then u want to sell means u need to unpledge and it takes 1-2 days and within that time stock may come down. in icicidirect spot u can sell even pledged shares. while falling shares in each day it will fall very fast.
if this feature available in zerodha then it is very useful.

I have a few queries
1. Will you offer robo advisory alongwith the simple buying and selling of mutual funds
2. In portals like MFU, which offers free investing in mutual funds (direct schemes) there is no charge, do you have any charges like per sip costs, etc

Hi My id: Do0042. Omprakash. Today 10/07/16 I opened a mutual fund name mirae asset emerging blue ship-growth with sip of 2000 per month. My account balance is rs. 5850 Initial investment was 5000 I confirmed the request and registered successfully.My question is that it says next sip due date is 08/08/16 amount Rs. 2000. It means this month current (10/07/16) debits only rs. 5000 or both initial amount Rs.5000+ sip amt Rs2000? Please resolve this query. Another one is there any option say after couple months or years decided to increase or decrease my sip amount? Please answer both questions or ask one of your rep. to call regards this.
ph: 9566068331.

I have started investing Mutual funds from Zerodha Platform. I would like to know If there is possibility of getting Collateral Margin from the Mutual funds like we do get from stocks ? If there isn’t. Can I ask you, if zerodha is planning to do so in coming future ?

Nitin Sir
Thanx for prompt reply
But I am looking for option by which the require SIP amount will automatically debited from my bank account; may be 2 days before due date.
B coz I guess otherwise I will have to do IMPS every month manually.

Hi Nithin
My id DO0042 Omprakash.I have opted for mutual fund name Mirae Asset Emerging Bluechip Fund – Growth. My first sip on 10-08-2016 rs. 5000 that was the initial one. Second sip on 10-07-2016(Yesterday wednesday). Here my question is my next sip instalment shows date as 09-09-2016 actually i have opted for every 10th of the month but my next sip shows 09-09-2016. This is how the sip date will go Descending to ascending order. Please clarify and also tell me the correct ph :no and contact person to call for any enquiry for mutual fund because no body aware the exact info about mutual fund in your customer care. contact : 9566068331.

Could you be able to convert my existing mutual funds brought through fundsindia to my demat account. If I send you the MF Demat Request Form + CAMS Consolidated Account Statement? Or do you need the statement of account separately?

i am very happy to invest in mutual funds through zerodha .. started investment.. i have few suggestions regarding
SMALL CASE . which you recommended recently … its very good platform . but there is small changes to be done..
i have purchased some shares directly through KITE .. And i am alos invested through Samall case .. where as Small case have bunch of Shares ..which is also showing in my same portfolio of Kite .. now its quite confusing what i bought through kite and what i bought through small case .. this is really creating confuse … if i wanna sell …
so i suggest please show it in seperate portfolio the shares which belongs to small case .. like how mutual funds and equities shows seperate .. in Back office portfolio … pleaseeeee this will really help … regards
Padma

I want to start a monthly SIP of Rs 2000 for next 15 years in SBI Bluechip fund(Growth). However while purchasing, it says that initial Investment required is Rs 5000. However is there any other way I can start SIP directly without paying initial Rs 5000?

At outset I would like to share my sincere experience of thrill by looking at Zerodha. I work in a big product MNC and am immensely proud that Zerodha is matching my company’s own standards wrt design, quality and elegance. Ways to go guys!! I am also happy that you have opened up Mutual funds investment via Zerodha. Now the way Zerodha is I dont want you guys to just ordinary stock broker and MF agent. So here is what I think your tech team should do:

1. You have data for each and every trade, like buy, sell etc.
2. Use these numbers to on top of any of the 5-10 top Mutual funds.
3. Now show that what if instead of buying directly if one had bought in these MFs.
4. Compare the returns

This way people would get really motivated to check that whether they can beat MFs and if not than there is no need for extra burden and simply invest in MFs. Since you have buy and sell data it would be the correct information.

Hi Nithin,
Is Zerodha coming up with an Advisory service to help clients invest in proper MFs as per their financial goals…. and also to suggest if we need to switch funds based on the performance of the MFs.
The way it currently is…we can see the historic returns from the Zerodha MF Platform and directly go to the AMC Websites to invest directly instead of paying 0.5-0.7% for Regular Plan.
For novice investors like me….some guidance would have been really helpful.

How can i start a SIP in mutual fund through demat account at Zerodha. What are charges and procedures,iF ANY SIMPLE and transparent procedure,pl make me aware ,so that i can avail this facility. Thank you.
sunil ,Jaipur 9983178471

As you might be knowing that Mf Utility is offering online investments in Direct Mutual Funds schemes now. I can invest there and increase my returns by 0.5% – 1.2% without going through any extra pain. I can invest in mutual funds from a single portal there as offered by Zerodha but save that extra expense. There are many others platform also like ORO, Invezta etc.

I like 0 charges for equity delivery of Zerodha and other features but when it comes to mutual funds, I am losing easy money for no reason if platforms like Mf utility is there for it. So will Zerodha be providing Direct plans in future?

Hi Nithin,
When Zerodha supports only regular plans and receive commissions from fund houses, how is this different from other DMAT providers, who also don’t charge for buying MFs from their platform? Ex: I can open a DMAT account with SBI with onetime fee and buy/redeem MFs ?
Any plans for supporting direct plans in future?

With the mutual fund platform, there is nothing different that we offer. Couple of things, all funds are available, conditional orders, you can start/stop our simulated SIP with one click. Direct plans not possible to be offered by a distributor like us. We sell mutual funds in demat mode, so CAMS will not show this. You can see it on your NSDL/CDSL consolidated statements.

Can you please fasten the integration of mutual funds in to your kite app ?
Because I want to invest in mutual funds without the hassle of starting laptop, connecting to internet, opening browser, searching for zerodha, going to mutual funds section, login and then transact.
Please integrate in your kite app and I would be the most happiest person when it comes to mutual fund investing.
And also, allow adding funds to Zerodha account from a debit card or ewallets. I haven’t used netbanking for the last 2 years. Sorry, not good at remembering strong passwords and a login id and hardest part, remembering transaction password. Oh, OTP also.

Dear sir,
1. Can i sell my mutual fund holdings and get instant margin for a intraday trade like we do in stocks ? After closing that intraday trade can i buyback mutual fund holdings ? If possible how much brokerage charged ?

It also seems that not all the funds are available from all AMCs on Zerodha platform. I am currently investing in MFs via fundsupermart.co.in and they have got all the AMCs and all funds under 1 roof. Any idea by when All AMCs and all funds be available on zerodha? Appreciate your response soon. Thanks.

Hi
I would like to know other than getting all other AMC mutual funds under one roof/demat account,what are all other advantages of changing to Zerodha plarform.
please inform if this procedure of having funds in Zerodha demat , is good for retired persons with regards to 1. cap gain analysis / documentation . 2 . income generation.
thanks

I am using your mutual fund platform. Its really help me to have all my stock market related investments into one, earlier I was using fundsindia for the mutual fund. One of my concern is that you are not providing all the mutual funds in your platform, especially Parag Parikh mutual funds. When can we expect all the mutual funds?

Also another item I would prefer is to deduct my trading account(Equity Margin) balance, instead of doing it in the evening. I mean you can add the amount to Margin Used at-least.

I wish to buy MutualFund as a bulk and also wish to do sip every month.
If I buy bulk then Do I need to transfer the amount to my equity account and from there it is debited?
Please let me know if you support SIP. If yes is this debited every month from my bank or from my equity account?
Also share any other process if you have.

If you’ve purchased the funds already, you should have received these details from the AMC already. If you haven’t, please write to [email protected] and we’ll get in touch with the AMC and ask them to provide these details to you.

If you’ve transferred funds after the due date, the order doesn’t go through. Funds have to be available as on the date when the order is due. You can however place a lumpsum order for the same fund to ensure you don’t miss an installment.

Can we expect to have a Filtering option in mutual fund..I Am exploring some of the mutual fund in scanners but every time end up with different figure .You have put 3 as recommended funds but i would want to explore more based on my criteria . Could you please include this in next release or suggest me a site if their is one .

Why should you guys claim zero brokerage? You are selling regular plans where commissions are being paid by the mutual fund companies to Zerodha? The brokerage cost is being charged by the mutual fund company, it is deducted from the investor’s money and shared with Zerodha. So a brokerage is being charged!
It will be zero brokerage if investment is into Direct plans, which do not deduct brokerage portion from the investor’s money.
This is pretty much misleading the general public with such claims

1. We’ve only said it’s 0 brokerage for all Equity investments.
2. We’ve never said we offer direct plans.
If you wish to invest into a Direct plan, you’ll have to approach the AMC directly. As Mutual fund distributors, we don’t have an online option to offer direct plans.

I have just opened an account with zerodha for Mutual Fund, i had a big problem starting SIP. There are few funds whose SIP could be as minimum as Rs. 500 Per month and initial Amount itself could be RS. 500. but here on zerodha It shows minimum Initial amount at Rs. 5000 as default, whereas on other platform it is not the case or there is a bug on the site. In case of lumpsum investment it should be Rs. 5000 and not the SIP. Kindly Fix this.

Ritesh, currently the way we are doing SIP on our MF platform is that we are simulating it using lumpsum/reinvestments. Yes it has that issue of Rs 5000 to start off, but it also gives a lot of flexibility. We will add the normal SIP mode also soon.

I want to know the timeline when the Pvt Ltd company can invest in MF through the Zerodha Demat account. Last month I was told that it was not still functional. Any tentative ETA of enabling MF purchases through demat?

I heard if I want to exit the mutual fund then there will be some exit load. What is the same for Axis bank long term equity fund.
Also what is the lock in period for same fund? it is on Initial investment or on both initial invvestment + SIP?

Hi Nithin
My name Omprakash. Id: DO0042. ph: 9566068331Investing in mutual fund name Mirae Asset Mutual Fund monthly sip Rs.2000. Today(10/24/2016) recd email from mirae asset i am not able to figure what the mail means exactly. What i understood is bulk purchase temperorily suspension or something else. Will it affect my sip’s. Kindly clarify me or arrange a callback for this.
Here is the mail…………

NOTICE is hereby given that Mirae Asset Trustee Company Pvt. Ltd., Trustee to Mirae Asset Mutual Fund
(MAMF) has approved the following:
TEMPORARY SUSPENSION OF LUMPSUM SUBSCRIPTION OF UNITS UNDER MIRAE ASSET
EMERGING BLUECHIP FUND (AN OPEN-ENDED EQUITY FUND):
Fresh lumpsum subscription/switch-in to all the Plans & Options of Mirae Asset Emerging Bluechip Fund
(MAEBF) through any mode including Stock Exchange platform has been temporarily suspended with
effect from October 25, 2016 after the cut-off time of 15:00 hours.
Investors are advised to take note of the following details in respect of the aforementioned suspension:
i) Fresh Registration through the Systematic Route i.e. Systematic Investment Plan (SIP)/Systematic
Transfer Plan (STP)**/ Mirae Asset Variable Transfer Plan (VTP)/Mirae Asset Trigger Investment Plan
(TRIP)/Mirae Asset Group Investment Plan (GRIP) shall be allowed for a maximum of upto Rs.25,000/-
(Rupees Twenty Five Thousand) per each installment/execution per trade date before the cut off time
of 15:00 hours. Further, the said limit of Rs.25, 000/- through all or any of the Systematic Route shall
be applicable at PAN level for each Investor.
**Investors may please note that the Daily STP from any scheme “IN” to MAEBF will not be available
during the said suspension period and that the Investors will be able to transact using the other frequency
options available under the STP facility of MAEBF with the specified limitation.
ii) Existing registrations/application received till the cut-off time of 15:00 hours on October 25, 2016 through
all or any of the Systematic Route, shall continue without any change (as is) as per the terms of the
Scheme Information Document of MAEBF at the time of such registrations.
iii) Any Redemptions including Switch-out or Systematic Withdrawal Plan (SWP) would continue without
any change (as is) as per the terms of the Scheme Information Document of MAEBF.
iv) The scheme will continue to issue units to the investors registered under the Dividend Reinvestment
Option in case MAEBF declares any dividend.
The AMC reserves the right to reject and refund without any notice to the investor at applicable NAV, in
case if the subscription through all or any of the Systematic Route is received or inadvertently processed
for an installment amount of more than Rs.25,000/- (Rupees Twenty Five Thousand) per transaction at
PAN level for any trade date.
All the aforesaid conditions shall be applicable to MAEBF till further notice.
This notice-cum-addendum forms an integral part of the SID, KIM and SAI of Mirae Asset Mutual Fund. All
other contents of the SID, SAI and KIM remain unchanged.
Kindly clarify this.

Hi Nitin,
Actually I have Zerodha Demat account now i want to start SIP. My question are
1.SIP installment is debited from equity balance or my bank account
2. After the lock in period(when Sell Fund) amount will be credited to my bank account or equity balance
3. Charges for stating SIP
4. any docs required.

Hi,
Two questions :
1. Is buying mutual funds has any charge (entry load) on it? Earlier ICICI direct doesn’t used to charge anything. But now it started charging Rs100.
2. I want to buy ELSS fund. Will I get Tax reciept mentioning that the fund has 80C benefits on my Email?

Nithin Kamath, first of all I would like to congratulate you and thank you for easing our life. I was a sharekhan user earlier, but once I came to know about Zerodha and I started using it, I knew that the time has come to move to Zerodha completely.

Coming to my query, I want to invest in MF. I do not want to go for SIP, but I have to invest in multiple phases. Lets say I have 15k and want to invest in HDFC High Interest Dynamic-G, with the initial investment of 5k and the remnant amount anytime when the NAV is down. So lets say I end up investing 15K in 3 phases, would it result in purchasing the MF, 3 times or the Nav would be averaged out like in stock?

I used fund transfer in Kite interface. For every transfer from Bank A/C to Zerodha account, there are two charges:
1. NEFT/RTGS/IMPS charge Which Bank charges (Let say 5 rs)
2. Being Payment Gateway Charges in Zerodha (10rs approx)

So, even you transfer 100 rs from your Bank to Zerodha trading account overall charge in 15 rs.
This is really huge if you do transfer frequently.

I closed my HDFC trading A/c and opened Zerodha for better brokerage charge. However, this transfer charge is really making it worst.

I have two questions:
A. Is there any way to transfer money in trading account without so heavy charge. Especially 2nd charge which I mentioned earlier ?
B. Is there any charge for withdraw back from zerodha to bank account back as well ?

Rajiv, the charges are either or. If you use NEFT/IMPS/RTGS (your bank might charge you, we dont charge anything), payment gateway charges is not applicable. Vice versa as well.
If you are transferring from your HDFC Bank to our NSE client HDFC bank via bank transfer, there is no charges applicable.

A. Transfer from your HDFC to our HDFC, no charges applicable.
B. No charges to withdraw.

My bank does not charge for NEFT transaction. However, payment gateway charge is deducted every time when I transfer to Zerodha.

Can you please elaborate about following:
“Transfer from your HDFC to our HDFC, no charges applicable. ”

Do you mean, if I transfer directly transfer to HDFC account of Zerodha then there will not be any payment gateway charge ? If yes then, how can I transfer to Zerodha HDFC bank(please mail me Bank details) and further how will it be deposited in my equity/commodity balance ?

Rajiv, if you use the payment gateway, there is going to be that charge. This is not charged by us, this is charged by the our payment gateway vendor atom tech.
If you register Zerodha as a payee on your bank and do a direct NEFT/IMPS/RTGS or bank to bank transfer, we dont’ charge anything. But in this case, there might be a delay in funds being updated on your trading account (15 mins). This link has all the details: https://zerodha.com/fund-transfer

Raghu, you need to request for a DIS booklet for your friends account (similar to cheque book) from us. Once your friend receives it, he will have to fill up your demat account number and shares that he intends to transfer and submit it to us. The transfer can then happen.

Myself and father have a material share and he is the primary holder , My father is no more and I have the Share certificate with me , can you tell me what should I do to transfer it to my demat account.

Case 1: Current NAV is 25, I place conditional order at 27, at what price it will purchase ?
Case 2: Current NAV is 25, I place conditional order at 23, whether my order will be cancelled or open till that NAV price comes in the consecutive days?

I have been part of Zerodha for quite some time, and had ILFS Dmat Account. I had sent the Zerodha Dmat account opening forms along with ILFS closure forms to transfer my holding and to close ILFS account. Zerodha Dmat account was closed on 19th December but still the ILFS account is not closed and holdings not transferred. I have raised a support ticket #907869 already
Please have a look at my case and let me know when I can expect the ILFS Dmat account to be closed.
Thanks in advance.

I’ve invested in ELSS thru zerodha mf and I need receipts to be submitted in our company for verification.
I just have a mail confirmation of allotment thru mail, as per our company that won’t be sufficient.

I have zerodha demat account. I have equity mutual funds & ELSS funds SIP running in HDFC, Axis, ICICI, Reliance.
So, I have following questions:
1. Can I transfer my mututal fund to zerodha demat?
2. In zerodha is there brokerage involved while we start or buy SIP?
3. Currently, as I’m investing in different AMCs have different folios. How it is managed in zerodha if I transfer my holdings to zerodha demat?
4. What are the differences between buying or starting SIP in Zerodha and between howI’m currently investing(i.e. Investing through websites of AMCs i invest in)

1) Yes you can transfer your existing mutual funds from another broker or distributor to your Zerodha account. We deal with mutual units that are only in demat form, hence, if your units are not in demat form then you can write an email to [email protected] and our team will assist you with the procedure for dematerialization of the units.

2) We do not levy any extra charges for any investments through our mutual funds platform.

3) As you have mentioned that you have been investing directly from the AMC websites thus your investments will be in a direct plan of the mutual fund schemes and not a regular plan. If you have transferred the units to your zerodha demat account then the units will not reflect on the mutual funds platform or in your Q back office. You can verify the units by generating your demat account statement. Your investments through our platform will be in regular plan and will contain a different folio number.

4) We are providing you the convenience of investing in various schemes via one account rather than opening an account with each AMC. At Zerodha, your investments are consolidated under one portfolio and you can track your investments with ease. Also, you can edit/pause your SIP at any point of time, a feature which no other distributor provides on their platform.

I want to invest in upcoming CPSE ETF FFO. This is my first time investing in such instruments. Can I invest in them through Zerodha MF or do I need to apply directly?
Also, in the application form, it asks for broker code or ARN; can you provide me zerodha’s broker code or ARN.

I am also waiting for the CPSE ETF subscription, when we can expect the link, i have the IL&FS account opened in zerodha. as well trading account. I am new to MF investment. i have loaded money into my account i don’t know how it will work and what should be done to subscribe for this ETF. can some one help from zerodha on this. or just direct me through email, i am also watching this board for any update too.. wouldbe nice if i get an email from zerodha on how to register or subscribe through our platform.

I tried to buy a mutual fund of ‘Reliance Tax saver fund’ , but the portal showed a message ‘Order placing failed, Purchase not allowed for today’, why is this a problem? I already bought 4 other MFs and their status is ‘Order sent to AMC’, but I am not able to place a new order, can you help?

What happens when we redeem our existing mutual funds? I mean where is the amount credited that one had invested earlier…
How to get them back to my bank account and is there any fee charged for the same and how much?

Dear Sir,
I wanted to ask about Reliance Money Manager fund which is just like saving account with high interest , they can provide ATM card also for redemption. If I invest excess amount (parked in Zerodha trading account for getting margins) into this fund through Zerodha platform and I wanted to redeem it in emergency as like for buying equity or opting margins for derivatives ( option strategy) , is it possible to redeem as it happens with ATM card?

Hi,
I have got a doubt. If I’ve SIP due and my Equity balance amount is not enough to pay for SIP. What will happen in that scenario?
What if I’ve holdings? Will SIP amount get deducted from my holding?

Is there someway I can download all the transactions that is happening in my dmat account? Will this include SIP amount as well?

Hi, recently I applied for CPSE ETF through zerodha demat..I got confirmation about the allotment also via email and SMS. But I can’t see my units anywhere in my demat…today listing also done. Can u help me pls

Sir, I need recommendations/advises to sell old not good performing MF and reinvest in new good performing MF regularly as offered by scripbox and goalwise. Are you supporting this type of service? They are also not charging any fee. Goalwise is automatically doing it for me. Please explain.

First of all thank you for providing such a beautiful platform to trade in markets. Hope our journey continues for long. Wish you good luck for upcoming years.
Actually my concern was is Rs50 will be through out same from here or else there will be any changes in recent years?

Hi
I am in process of opening demat account with Zerodha, and finding an online platform to transact in mutual fund really gives me more reason to open it.
I want to understand few queries regarding mutual fund if you may address them:
1. Do you provide only the regular plans or direct plans as well? For e.g. some platforms like invezta and oro transact only in Direct plans which are cheaper than regular plans.
2. Most of the MF transaction platform do claim that they don’t take any charges but they adjust NAV and credit less units after deducting the charges in customer folio. Hope you are not involved in this malpractice.

Although I registered for a weekly SIP in DSPBR Micro Cap fund through zerodha mf, it is sent to DSPBR as a lumpsum instead of SIP by zerodha. The dspbr website shows that as lumpsum. I also lost out of continuing the sip as DSPBR has stopped taking fresh deposits (lump sum) although they are accepting existing SIPs.

Prem, like I have mentioned earlier, we run a simulated SIP. Essentially lumpsum invested end of every month. This gives extreme amounts of flexibility to our clients. Btw, you can look at DSP small and midcap fund, it follows the same objectives of investment.

Hi..recently, I received an email from Zerodha that all investments including SIPs into the “DSP BlackRock Micro-Cap Fund” have been suspended and hence all our standing instructions i.e. SIPs will be deleted. But, I read on their website and also valueresearchonline that existing SIPs registered on or before Feb 20 will be allowed to continue .

Here’s the exact text on quote “However, the fund-house said the scheme will continue to allot units for subscription transactions pursuant to SIP, STP, Dividend Transfer Plan, Super SIP facilities registered prior to Feb. 20. and pursuant to declaration of dividend under the dividend reinvestment option offered under the Scheme”. Here’s the link : https://www.valueresearchonline.com/story/h2_storyView.asp?str=33070 .

Since my SIPs were started last year (May 2016), I assume that I should be allowed to purchase units even now. Can someone please clarify what’s happening here ? Am I missing something ? thanks !

Hi SPR, the SIP we run is a simulated one, which is essentially a lumpsum that gets invested systematically based on your requirement. This gives flexibility to the user to do what he wishes, start/stop whenever, start SIP without any bank mandate forms.

I want to bu DSP BlackRock Micro-Cap Fund – Growth mutual fund.But it is not showing when I click on “Explore funds” in https://mf.zerodha.com/. But if i search “DSP BlackRock Micro-Cap Fund – Growth in zerodha” Then I can see the mutual fund and can also buy.Why it is not showing in explore funds section.

I placed an SIP order today morning at 8.30. Till 9.15 pm the status is showing Order placed – Pending verification. Why is this taking so long? at which day’s nav shall i get the units?? If i’m placing the order in the morning of 27th, shouldn’t i get the units at the nav declared end of day 26th??

Hi,
Once you place the order on T day before the cut-off time of 1:30 pm, then you would receive the allotment of the units at the NAV of T day (AMC publishes the NAV in the night after 9 pm). You will then receive the units in your demat on T+1 day (most probably by afternoon) and the same would reflect in your portfolio on the mutual funds platform.

So, when you had placed the order today before the cut-off time, the status would have displayed ‘ Pending Verification ‘. After the cut-off time, it is now showing ‘Order placed – pending verification ‘. Tomorrow morning it will reflect as ‘ Order sent to AMC ‘ and then by afternoon as ‘ Allotted ‘.

Does not work like that it seems as far as status goes. Its not 1:30 PM and it shows sent to AMC. So if i want to cancel order placed before 1:30 PM – it will not be possible as order shows right now at 12:52 as sent to AMC

I bought 2 DSP SIP’s from zerodha.But when I called the DSP support they say I never bought any SIP plan instead I bought lupsum.Is this a form of cheat.Because my DSP blackrock Micro cap fund got closed as I don’t have existing SIP plann.

Sudip, Check this answer. Selling SIP is more lucrative as fund houses pay more commission compared to selling lumpsum. The reason we simulate a lumpsum as SIP is because of all the convenience that it gives, mentioned in the link above. They have a midcap/smallcap fund which essentially has same investment philosophy that you can shift to.

First I would like to thank you for quick response (I never seen where a founder of an startup is making customer on top priority,even in Holi festival you helped me with early reply, I
Wish you good luck and many more milestones for Zerodha)

Now I have a doubt , will I get 3.5% discount which govt is providing to all retail investors?

I have invested in a mutual fund with SIP on a monthly basis, the allotment has been done on 17th Feb but I have purchased it on 16th Feb. When the funds will be deducted from my account for the 2nd month as the No. of days displayed as 31.

The fund in which you had invested was DSP BR Micro Cap Fund. The AMC has temporarily suspended fresh investments via lumpsum and SIP from February 20th but allowed existing SIPs to continue. But, we cancelled all the SIPs in the system for this scheme since we follow our customized SIP. You can click on the link below to learn more about it.

Hi, Just now happened to see the below quoted message when I tried to login into my MF account. Does it mean that for MF investments we are being charged Rs 50 every month as a platform subscription fees? Would appreciate if somebody could explain to me about the new changes in Zerodha MF platform. Thanks.

Just a question – do you maintain a list of MF that we could invest in via Coin platform? I guess not all funds are currently covered by it. If so, kindly share the location of the list. If not, could you please publish it?

Also, any tentative dates for when would the “SBI Pharma Fund – Direct Growth” be available for investing via Coin?

Hi Nithin,
Could you please clarify the below thing, i am new and existing user of zerodha account

I want to make investment in MF’ ,like lum sum or SIP

1. if i invest SIP amount as per my wish. Like 5k -10k per Month
what is the charges applicable for this. like brokarage charges etc

2. if i want to invest in lum sum amount in mutual fund below 25k per Month, is the any charges for that commission etc.

3. I hope ,if i am investing more than 25 k Per Month then ONLY rs 50 charged.
is that including all mutual funds (total transaction of 25k per month)
or
Per transcation if it exceeds 25k then charges applicable ?

1. There are no charges for investing using Coin.
2. There are no charges upto Rs.25000. 25000 is not on a monthly basis. If you use the platform for investments of more than 25000, the charge gets applied. To give you an example, assume you make an investment of Rs.12000 the first month, 5000 second month. Your total investment is Rs.17000. In the 3rd month, if you exceed Rs.25000, charges of Rs.50 start getting applied.

4. I am seeing in google that there is no charges for mutual fund in zerodha,is that correct ?
i.e Mutual fund investments similar to investing in stocks at Zerodha will be absolutely brokerage free.
please do confirm the same. and i i see if mutual fund investment more than 25 k per month brokerage charges will rs 50 ?

Earlier when we were offering Regular plans, there were no charges. However you’re paying commissions to the AMC (Asset Management Company) by investing in Regular plans. Coin allows you to make investments into Direct funds. The kind of additional returns that you’ll make by choosing a Direct fund over regular is enormous.It’s explained in detail here :https://tradingqna.com/t/why-invest-in-direct-mutual-funds-on-coin/11738

Thanks for your valuable reply, I went though above link what you have mentioned but i got some questions,
Here you go 🙂

By Considering your example
i.e.

To give you an example, assume you make an investment of Rs.12000 the first month, 5000 second month. Your total investment is Rs.17000. In the 3rd month, if you exceed Rs.25000, charges of Rs.50 start getting applied.

Scenario 1:
4th month on 2nd date ,i will make an investment of 10,000 so total will be 27,000 so Rs 50 will be deducted ? .
and
Assume,in the same month 22nd , i will make another Rs 5000 ,so total will be rs 32000 ,in this case also rs 50 will be deducted ?

i will add Rs 7000 to Fund1 so total will be Fund1=rs 27000
and will add Rs 10,000 to fund 2 so total will Fund2=rs 32 ,000

In this Scenario ,how much amount will get deducts , is that only rs 50 OR Rs 100 ?

Scenario 3,

Consider Single Fund say Fund-A,

after 5th Month Fund-A=Rs 35000,now in the 6th month i will be adding rs 5000 so total will be rs 40,000
so in this case also Rs 50 Deducts ?
if so then it will be always greater than Rs 25000 only so Rs 50 will be keep on deducting on till 25 Year if My MF is long term of 25 Years
i.e if this is the case then, 50*12=600 per Year and about 25 Years *600=?????

Hey Ajay, pricing on this is as simple as it gets. You pay Rs 50 per month, do as many transactions on as many funds as you want after the first Rs 25,000. So yes, 25*600 at end of 25 years. Compare this to buying mutual fund normally, you could have paid upto 20lks instead of this Rs 15000.

Hey Nithin , do you guys offer any fund adviser for MF Or Stock Or Both if So please let me know what will be cost. Because we not get good time to see performance of our port folio quarterly or early etc ,being in IT it will be difficult for me . so any advice will be appreciable. and helpful for me

Want to open a monthly SIP. I have a zerodha account. I want the money be deducted from my bank account. Is it possible or I have to maintain the balance in zerodha account only? because then every month I have transfer money to zerodha account and that will be one extra task.

i am new to coin of zerodha.i have Dsp tax saving(G) on SIP.
while going through the dashboard.I saw an option to redeem and the units..how can i be allowed to redeem without completing the three yr lock in.(i am new to mutual funds)